Ascension Health, the largest Catholic non-profit healthcare system in the country, has announced it’s intentions to purchase an unnamed insurance company. President Robert Henkel made the announcement during Citigroup's health care conference today in New York. According to Samantha Bliss of the St. Louis Business Journal, "the move to value-based contracts means the health system will get reimbursed for keeping certain populations healthier instead of getting paid for each service provided." This deal comes weeks after the launch of a joint venture with CHE-Trinity Health, the second largest Catholic health system in the country.
These moves allow Ascension to offer a wide range of health care products on the public and private health exchanges.